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Oil & Gas industry
UK-sanctioned oil trader enlists ex-Biden aide to thwart potential US sanctions
...Desai’s AND Partners LLC will provide services including “research on considerations around potential imposition of sanctions administered by the United States Office of Foreign Assets Control upon [Troost...
March 21, 2024
Deloitte LLP
Deloitte US staff paid bigger share of revenue after hiring battle
...The figures lay bare a shift inside the Big Four accounting firms since the coronavirus pandemic, which unleashed a wave of demand for their consulting services from corporate America but also prompted staff...
October 10, 2023
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
FT Magazine
Why everybody who’s anybody in Manhattan real estate relies on Jon Mechanic
...On top of the usual burdens, the city is also now bearing the cost of an epic influx of migrants — many from Venezuela. Some of the rich have already left to low-tax states like Florida and Texas....
October 20, 2023
Media
Hollywood strikes take $5bn bite out of California economy
...America walked out for 100 days....
September 2, 2023
Gillian Tett
A rotten system for sovereign debt restructuring needs fixing
...Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates Flaws in New York State’s well-intended debt plan / From Leland Goss, Managing Director and General Counsel, International...
March 7, 2024
US immigration
New York files $708mn lawsuit over migrants bussed from Texas
...The bus companies had earned millions of dollars in revenue by assisting Abbott, the filing claimed, violating a New York law that requires those who bring “a needy person from out of state” to “convey such...
January 4, 2024
FT Live
Innovative Lawyers Awards North America
Celebrating innovations from both law firms and in-house teams in the region
Monday, 9 DecemberGotham Hall, Broadway, New York, NY, USA
News in-depthWar in Ukraine
Ukraine hurries to fill US funding gap
...Ukraine’s leaders have rejected suggestions that their country should mirror Russia’s war economy, arguing that over half of its economic output is generated in the service sector and much of its industrial...
March 10, 2024
Financial services
Saudi-backed fund hit as UAE oil storage Spac runs into trouble
...A Saudi Arabia-backed investment fund is liquidating the holding company of a United Arab Emirates oil storage company that has been plagued by financial reporting issues since going public in New York....
December 22, 2023
Letter
Letter: IRS is right to avoid allure of unworkable tax schemes
...Untold resources would have to be devoted to creating systems for Americans to appraise their illiquid assets and for the Internal Revenue Service to then defend those assessments....
February 16, 2024
US government shutdown
Lawmakers to vote on stopgap measure to fund US government until March
...Johnson has defended the latest deal, which includes $10bn in cuts to the Internal Revenue Service and claws back $6.1bn in Covid-19 relief funds, as providing “real savings to American taxpayers and real...
January 15, 2024
Cryptofinance
New York regulators threaten crypto’s festive spirit Premium content
...The Internal Revenue Service’s Criminal Investigations unit published its “top 10” cases of the year, which included four crypto fraud schemes....
December 15, 2023
Accounting & Consulting services
McKinsey and BCG warn staff face jail if they reveal Saudi work
...“We want to determine what work these companies have done and are doing that allows a foreign sovereign to use instruments of commerce in the United States to increase its influence within our shores, and...
February 6, 2024
Due Diligence
Czech’s in the Royal Mail Premium content
...He previously worked at Global Counsel and served as a foreign service officer for the US state department....
April 18, 2024
US budget
US Congress leaders reach $1.66tn spending deal ahead of feared shutdown
...In a letter to Republican colleagues on Sunday afternoon, Johnson said Republicans had “secured hard-fought concessions”, including $10bn in cuts to the Internal Revenue Service and a clawback of $6.1bn...
January 7, 2024
Airlines
US airlines under fire for raising baggage fees again
...The rule, United said, “appears to be a solution in search of a problem”....
March 10, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Art Basel Miami Beach 2023
Designer Samuel Ross: ‘I love that red-hot line between sculpture and furniture’
...“It is about black Britain and what it is to be working class,” he says of his Converge gilet, for example, which was acquired by the V&A for its collection in 2021. “It is descriptive of urban life....
November 24, 2023
The FT ViewThe editorial board
Governments need to become more productive
...America’s Internal Revenue Service, for example, recently announced plans to use AI to collect unpaid taxes....
October 29, 2023
InterviewTony Blair
Blair think-tank revenues hit $140mn as governments pay for advice
...He says the institute operates in Africa, the Middle East and south-east Asia and is building its business in the Americas....
December 22, 2023
Gillian Tett
Green audits are coming for a company near you
...Third, as corporate boards navigate this maze, an entrepreneurial thicket of legal, reporting and data services is springing up....
February 29, 2024
Media
Hollywood actors reach tentative deal to end strike
...During negotiations on October 12, members of the group representing the studios walked away from talks after Drescher sought a share of revenue generated by streaming services, participants said....
November 9, 2023
UK insurance industry
Lloyd’s brokers settle with US DoJ over Ecuadorean bribery scheme
...for securing lucrative contracts, and kickback for themselves,” said Jim Lee, chief of the Internal Revenue Service’s criminal investigation division....
November 21, 2023
Disrupted Times
Inflation eases in the US and eurozone raising hopes of rate cuts
...Inflation in the United States and the 20-country eurozone is easing, fuelling speculation that central banks may cut interest rates later this year after record-high rates since the Covid-19 pandemic and...
March 1, 2024
The Big Read
Malaysia: the surprise winner from US-China chip wars
...But Gautam Puntambekar, country executive for Bank of America, says that “when you talk about semiconductors, Malaysia is invariably part of the conversation”....
March 11, 2024
US foreign policy
US House passes bill providing $14bn new aid to Israel
...In addition, the bill passed on Thursday included a measure gutting funding for the Internal Revenue Service’s crackdown on tax avoidance among large businesses and wealthy individuals, making it especially...
November 2, 2023
US foreign policy
New House Speaker raises prospect of fresh US funding for Ukraine
...The Israel-only funding plan that has been proposed by House Republicans was even more unpalatable to Democrats and the White House because it was paired with cuts to the Internal Revenue Service, to stop...
November 2, 2023

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